59 Golf Course Road, Hattiesburg, MS 39402 (MLS# 4097641)

59 Golf Course Road, Hattiesburg, MS 39402

$236,825

Property Type: Res Income Multi-Fam Bedrooms: 8 Square Footage: 2,340 Lot Size (sq. ft.): 5,663 Status: Closed

Current Price: $236,825 List Date: 12/20/2024 Last Modified: 2/03/2025

Overview

Description

This well-maintained quadplex delivers consistent cash flow and upside potential. Three units currently leased to reliable tenants, while one vacant unit offers immediate value-add opportunity through cosmetic updates. Professional management team in place ensures hands-off ownership. Current rents below market - prime opportunity to boost NOI through strategic increases over the next 12 months. Strong rental demand in area maintains high occupancy rates. Perfect for investors seeking steady returns with minimal involvement.

Listing Details MLS# 4097641

General Property Information

# of Units Included in Sale: 4
Approx Lot Size Acres: 0.13
Approx H/C SqFt: 2340
SqFt Source: Public Records
List Price/SqFt: 100.43
Year Built: 1984
Year Built Source: Owner
Total Floors: 2
Bedrooms Total: 8
Bathrooms Full: 4
Furnished: No
Pool: No
School District: Hattiesburg Public Dist
Accessibility Features: No
New Construction: No
Property Condition: Fixer
Bathrooms Half: 0
Bathrooms Three Quarter: 0

Property Features

Structure Type: Quadruplex Levels: Two Owner Pays: Exterior Maintenance; Grounds Care; Insurance; Repairs Tenant Pays: All Utilities; Cable TV; Deposit; Electricity; Water Interior Features: Ceiling Fan(s); High Speed Internet Bathroom Features: 5 Foot Tub; Fiberglass Tub Fireplace Features: None Appliances: Electric Range; Exhaust Fan; Free-Standing Electric Oven; Refrigerator Walls - Interior: Sheetrock Flooring: Carpet; Ceramic Tile; Combination Door Features: Dead Bolt Lock(s) Laundry Features: In Unit Cooling: Ceiling Fan(s); Central Air Heating: Central; Electric Utilities: Cable Connected; Electricity Connected; Water Connected Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: Cash; Conventional; Other Roof: Composition Exterior Features: Permeable Paving Patio And Porch Features: Porch Fencing: None Driveway Features: Concrete Drive Parking Features: Parking Pad Unit 1 Appliances: Free Standing Stove; Range; Refrigerator; Vent Fan Unit 2 Appliances: Range; Refrigerator; Vent Fan Unit 3 Appliances: Range; Refrigerator; Vent Fan Unit 4 Appliances: Range; Refrigerator; Vent Fan

Address and Location Information

Street Number: 59
Street Name: Golf Course
Street Suffix: Road
County: Forrest
State: MS
Zip Code: 39402
Parcel Number: 2-025o-36-003.00
Subdivision: Metes And Bounds
Directions to Property: From W 4th St turn North on West Hills, take the sharp right by the Moose Lodge and the property will be less than a 1/4 mile down on the left.
Community Of: N/A

Listing Information

Listing Service: Full Service

Tax and Financial Information

Tax Annual Amount: 1932
Tax Year: 2023
Homestead Y/N: No
Additional Exemptions Y/N: No
Flood Insurance Required?: No
Leasehold Y/N: No
Sold In Previous 12 Months: No
Association: No
Covenants Y/N: No
Legal Description: COM NW COR OF SE 1/4 OF SW1/4 S 375 FT S 83 DG E 565 FT S 334 FT TO N LN OF RD N 73 DG E ALG RD 68 FT N N 76 DG E ALG RD 57.46 FT TO POB N 07 DG W 94.50 FT B 82 DG E 64.13 FT S 07 DG E 88.99 FT TO N LN OF RD S 77 DG W ALG RD 64.08 FT TO POB 0.13 AC B 593 106 1/88 B641 P669 11/8/90 B692 P487 6/93 DB 728 PG 475 3/95

Status Change Info

Contract Date/Pending Date: 2025-01-03
Closing Date: 2025-02-03
Appraised SqFt: 2790
Sold Price/SqFt: 101.21

More Information

Parking Features

Parking Total: 6
Parking Pad: Yes

Waterfront Features

Waterfront: No

Showing Requirements

Showing: Appointment Required
Lockbox Location: See Remarks

Unit 1

Full Baths: Yes
Number of Rooms: 5
Rent: 625
Furnished: No
Leased: Yes
Occupied: Yes

Unit 2

Full Baths: Yes
Number of Rooms: 5
Rent: 650
Furnished: No
Leased: Yes
Occupied: Yes

Unit 3

Full Baths: Yes
Number of Rooms: 5
Rent: 625
Furnished: No
Leased: Yes
Occupied: Yes

Unit 4

Full Baths: Yes
Number of Rooms: 5
Rent: 800
Furnished: No
Leased: No
Occupied: No
Description: cosmetic updates

Remarks & Miscellaneous

Public Remarks: This well-maintained quadplex delivers consistent cash flow and upside potential. Three units currently leased to reliable tenants, while one vacant unit offers immediate value-add opportunity through cosmetic updates. Professional management team in place ensures hands-off ownership. Current rents below market - prime opportunity to boost NOI through strategic increases over the next 12 months. Strong rental demand in area maintains high occupancy rates. Perfect for investors seeking steady returns with minimal involvement.

Structure Type

Quadruplex: Yes

Income & Expenses

Annual Net Income: 25375

Levels

Two: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Listing Terms

Cash: Yes
Conventional: Yes
Other: Yes

Interior Features

Ceiling Fan(s): Yes
High Speed Internet: Yes

Utilities

Cable Connected: Yes
Electricity Connected: Yes
Water Connected: Yes

Owner Pays

Exterior Maintenance: Yes
Grounds Care: Yes
Insurance: Yes
Repairs: Yes

Tenant Pays

All Utilities: Yes
Cable TV: Yes
Deposit: Yes
Electricity: Yes
Water: Yes

Bathroom Features

5 Foot Tub: Yes
Fiberglass Tub: Yes

Fireplace Features

None: Yes

Appliances

Electric Range: Yes
Exhaust Fan: Yes
Free-Standing Electric Oven: Yes
Refrigerator: Yes

Walls - Interior

Sheetrock: Yes

Flooring

Carpet: Yes
Ceramic Tile: Yes
Combination: Yes

Door Features

Dead Bolt Lock(s): Yes

Laundry Features

In Unit: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Heating

Central: Yes
Electric: Yes

Foundation Details

Slab: Yes

Exterior Construction/Siding

Brick Veneer: Yes

Roof

Composition: Yes

Exterior Features

Permeable Paving: Yes

Patio And Porch Features

Porch: Yes

Fencing

None: Yes

Driveway Features

Concrete Drive: Yes

Unit 1 Appliances

Free Standing Stove: Yes
Range: Yes
Refrigerator: Yes
Vent Fan: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes
Vent Fan: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes
Vent Fan: Yes

Unit 4 Appliances

Range: Yes
Refrigerator: Yes
Vent Fan: Yes

Documents

T12 P&L ›

Tax Record ›

Rent Roll ›

Listing Office: Realty Star Network

Listing Agent: Jason M Gunter

Last Updated: February - 03 - 2025